on Plaintree Systems Inc. (CVE:NPT)
Plaintree Systems Inc. Reports Mixed Financial Results for Q3 Fiscal 2026
On February 27, 2026, Plaintree Systems Inc. unveiled their unaudited financial results for the third quarter of fiscal 2026, ending December 31, 2025. The company reported revenues of $3,634,670 for the quarter, a decrease from $4,075,195 in the same period the previous year. Plaintree also experienced a net loss of $452,804, contrasting with a modest net income of $11,745 in fiscal 2025's third quarter.
Despite the quarterly downturn, Plaintree achieved notable net income for the nine-month period ending December 31, 2025. The company reported earnings of $1,473,887, a significant increase from $527,299 during the same period in fiscal 2025. CEO David Watson highlighted the challenge of slow Triodetic revenue but noted strong order bookings for future quarters and regulatory approval for Elmira's product line.
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